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need help on A and B please :) Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning
need help on A and B please :)
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets 288,000 126,000 264,000 442,000 243,000 458, 000 $1,821,000 $ 189,663 191,000 286,000 450,000 262,000 458, 000 $1,836,663 Liabilities and owners' equity: Accounts payable Long-term debt owners' equity Total liabilities and owners' equity 252,000 841,000 728,000 $1,821,000 $ 223,000 841,000 772,663 $1,836,663 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes $2,310,000 1,871,100 438,900 $105,400 144,837 Interest expense 250,237 188,663 Tax expense Net incomeStep by Step Solution
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